What Pluto Mobility does

Pluto Mobility (legal entity: Unispeed Technologies Private Limited, incorporated in 2025) is an India-based electric vehicle startup developing purpose-built, scooter-sized electric three-wheeler delivery vehicles for the last-mile logistics and quick-commerce sector. Founded in 2024 by Akshat Bhatia and Himanshu Panda, who began by working as delivery riders to understand operational constraints, the company designed its vehicle from the ground up around commercial delivery workloads rather than adapting consumer scooters. The vehicle features a tilting tadpole twin-front-wheel configuration for stability under heavy loads, a 100 kg / 200 L payload capacity (approximately 6x the cargo volume of a typical delivery bike), a 45 kmph top speed, a fully enclosed canopy for weather protection, and a swappable battery architecture providing 100+ km of daily range. A proprietary Android-based Pluto Driver App handles driver onboarding (KYC, biometric verification), gig shift bookings, order assignment, GPS tracking, and earnings disbursement.

The company's business model is dual-pronged. On the hardware side, Pluto sells or leases purpose-built EVs to delivery fleet operators, quick-commerce companies, and e-commerce delivery operators. On the platform side, Pluto operates as a delivery aggregator in Haryana under an Aggregator Licence, onboarding drivers under a Vehicle Lending Agreement where the company retains up to 40% of delivery fees on company-owned vehicles and up to 20% on driver-owned vehicles per the Haryana Motor Vehicles (Amendment) Rules, 2026. Pilot deployments are planned for 2026 across key Indian urban markets. The company is pre-revenue, having raised $2 million in seed funding in February 2025 led by Version One Ventures with participation from Grad Capital and operator angels from Delhivery, OfBusiness, Pixxel, and Boom Supersonic. It currently operates with an 11-50 person team based primarily in Gurugram, Haryana, with a registered office in Delhi.

Name

Pluto Mobility

Legal name

Unispeed Technologies Private Limited

Website

https://plutomobility.in

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

Pluto Mobility (Unispeed Technologies) is a Gurugram-based EV startup building purpose-built, scooter-sized electric three-wheeler delivery vehicles with tilting tadpole architecture, 200L payload, and swappable batteries, sold or leased to quick-commerce and last-mile delivery fleets in India.

Ownership category

akta.pro rank

Product category

Electric Last-Mile Delivery Vehicles

NAICS

Motor Vehicle Body and Trailer Manufacturing (3362)

SIC

Miscellaneous Transportation Equipment (3790)

akta.pro primary industry

Construction Site Vehicles (Dumpers, Site Carriers, Telehandlers) (IMAHAIAB)

Keywords

• Electric delivery vehicles
• Last-mile logistics
• EV fleet leasing
• Quick commerce delivery
• Purpose-built EVs

Headquarters

HQ city

Gurugram

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Delivery Fee Commission (Aggregator Platform): Pluto operates as a delivery aggregator platform in Haryana under an Aggregator Licence, earning commission on delivery fees charged to customers. Per the Haryana Motor Vehicles (Amendment) Rules, 2026, Pluto retains a maximum of 40% of delivery fees for company-owned vehicles and 20% for driver-owned vehicles, with drivers receiving the minimum statutory share.
2. Vehicle Lending Programme: Pluto lends company-owned EVs to delivery drivers under a Vehicle Lending Agreement, recovering costs through earnings deductions and generating platform delivery volume. This enables Pluto to deploy its purpose-built EV fleet at scale across delivery operations.
3. EV Vehicle Sales or Leasing to Fleet Operators: Pluto builds and deploys purpose-built electric delivery vehicles targeting e-commerce and quick-commerce operators, with potential revenue from direct vehicle sales or long-term leasing arrangements with logistics fleets.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Pluto Mobility designs and manufactures purpose-built, scooter-sized, fully-enclosed electric four-wheel delivery vehicles featuring a tilting twin-front-wheel (tadpole) configuration and swappable batteries. These vehicles are sold, leased, or lent to delivery drivers, fleet operators, quick-commerce companies, and last-mile logistics operators in India. The vehicles are deployed alongside a proprietary Pluto Driver App through which Pluto also operates as a delivery aggregator in Haryana, charging commission on delivery fees.

Product overview

Pluto Mobility (legal entity: Unispeed Technologies Private Limited) operates a dual-product portfolio centered on purpose-built electric delivery vehicles and a proprietary driver operations platform. The core product is the Pluto Electric Delivery Vehicle — a scooter-sized, fully covered electric three-wheeler with twin front wheels, 100 kg/200 L payload capacity, and swappable battery — engineered specifically for India's last-mile logistics and quick-commerce sector. The vehicle carries 6x the cargo volume of a standard delivery bike, enabling up to 2x more orders per trip. Supporting the vehicle is the Pluto Driver App — an Android-based platform managing driver onboarding (KYC, biometric verification, training), gig shift bookings, real-time order routing, GPS location sharing, performance tiers, and earnings disbursement. The company is currently scaling from MVP (January 2026) toward pilot deployments targeting e-commerce and quick-commerce operators, with operations licensed under the Haryana Aggregator Licence framework.

Differentiator

Problem solved

Functional benefit

Products and services

• Pluto Electric Delivery Vehicle A purpose-built, scooter-sized, fully-enclosed electric four-wheeler with a tilting twin-front-wheel (tadpole) configuration, swappable batteries, and 6x cargo volume versus a conventional two-wheeler. Sold, leased, or lent to delivery fleets, quick-commerce operators, and individual driver partners for high-frequency last-mile parcel delivery.
• Pluto Driver App A proprietary mobile platform used by delivery driver partners to access delivery demand routed via Pluto's aggregator operations and to operate Pluto-owned or Pluto-compatible vehicles; backs the Vehicle Lending Programme and commission-based delivery-fee model.

Quantifiable outcome

• Up to 2x more orders per trip compared to standard two-wheelers, enabling higher delivery throughput per vehicle per shift.
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

One partnership is on record.

• SwiggyminorStrategic or Co-development Partner · 1 January 2025Pluto's prototype was demonstrated at a Swiggy delivery hub with real riders and live deliveries in January 2025, validating the vehicle's performance in an actual quick commerce delivery environment. This pilot demonstration at a leading quick commerce operator represents a product validation and potential customer development relationship.

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Ather Energy: Ather Energy is a premium Indian electric scooter manufacturer with strong technology credentials and substantial funding. Well-positioned to introduce delivery-focused variants leveraging existing R&D capabilities, manufacturing infrastructure, and reputation for build quality.
• Ola Electric: Ola Electric is India's largest electric two-wheeler manufacturer with vertically integrated manufacturing and massive capital base. Strong consumer brand and existing manufacturing scale could enable rapid entry into delivery-focused commercial EV variants, posing significant competitive threat.
• Mahindra Electric: Mahindra Electric manufactures the Treo electric three-wheeler, a major player in India's electric commercial vehicle market. Established OEM with manufacturing scale, dealer network, and brand recognition across India for last-mile delivery applications.
• Piaggio Vehicles: Piaggio Vehicles manufactures the iconic Ape three-wheeler commercial vehicle, the dominant cargo 3-wheeler in India with deep relationships across delivery fleets. Established incumbent in commercial 3-wheeler space that Pluto's tilting tadpole architecture aims to disrupt with electrification and purpose-built delivery design.
• Hero Electric: Hero Electric is one of India's largest electric two-wheeler manufacturers with mass-market positioning and broad distribution network. Operational scale and dealer relationships create potential threat if the company pivots toward commercial delivery vehicles.

Direct peers

• Yulu: Yulu is a Bangalore-based electric mobility company providing battery-swapped electric two-wheelers for last-mile delivery and shared mobility in India. Closest direct peer to Pluto with comparable business model combining EV hardware, battery swapping infrastructure, and gig driver platform targeting delivery use cases.
• Bounce Infinity: Bounce Infinity is an Indian electric scooter company with battery swapping technology and strong focus on last-mile delivery use cases. Similar product positioning to Pluto with comparable swappable battery architecture and B2B fleet sales motion targeting delivery operators.
• Gogoro: Gogoro is the Taiwan-based global leader in swappable battery electric scooters with extensive battery swap network across Asia. Closest international analog to Pluto's hardware-plus-battery-swap-plus-platform model with proven commercial deployment at scale.
• Zypp Electric: Zypp Electric is an Indian EV-as-a-service platform providing electric two-wheelers to gig delivery workers through partnerships with Zomato, Swiggy, and Blinkit. Direct competitor in the EV delivery fleet space with similar target customers and platform-based business model.

Others

• SUN Mobility: SUN Mobility is an Indian battery swapping infrastructure provider partnering with multiple OEMs for EV deployment. Relevant ecosystem player that could be a partner for swap network expansion or an alternative infrastructure provider competing with Pluto's integrated approach.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/plutomobility

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds1 record

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Pluto Mobility